Twenty per cent of all energy consumed in New England and ten per
cent of all energy consumed in the United States is consumed in home
heating. This paper reports on an effort to ascertain the major factors
affecting ...

Development cost is defined as the ratio of development
expenditures in a given year to reserves added in that year.
Changes in development cost are a good proxy for changes in
finding cost and in user cost, because ...

The potential gains to producers from the cartelization of the world
petroleum, copper, and bauxite markets are calculated under the
assumption of optimal dynamic monopoly pricing of an exhaustible
resource. Small ...

Probability models of individual choice consist of two
components: a formulation of random utility and the stochastic
specification of that utility. Usually separable direct random
utility is assumed. With Weibull ...

This paper reviews the recent literature on regulation under asymmetric
information. If first develops the conceptual framework and offers a reminder
of the techniques used in the field. It then applies the framework ...